For those looking to invest in landed homes, four freehold strata bungalows situated in Vanda Crescent in the Bukit Timah area of Singapore’s prime District 11 will be available for sale from May 3 via private treaty. Selling for a guide price of $33 million, or $2,690 psf on the land area, these properties represent a rare opportunity for a single buyer to acquire four bungalows at a time.

The 19,353 sq ft combined built-up area of the four bungalows sit on a site spanning 12,264 sq ft and were built in 2009. They are all presently rented out and will be sold with their tenancies in place. Each bungalow has five en-suite bedrooms, a lap pool and a basement level, while the entire complex shares a common compound.

Tracy Goh, Head of Investment and Collective Sales at PropNex, the marketing agent responsible for the sale, said that the availability of these four landed homes is particularly suited for multi-generational families looking for their own space and privacy without sacrificing convenience.

Since 2010, there have been only fourteen resale transactions in the area, including a nearby bungalow that was sold for $21.5 million ($2,431 psf) in September 2022. Analysts have noted that freehold landed homes in Singapore have consistently seen healthy price growth, rising by 13.3% and 9.6% respectively in 2021 and 2022, and 5.9% q-o-q in 1Q2023.

The recent hikes of the additional buyer’s stamp duty, which took effect on April 27, is not expected to affect demand for the bungalows, considering foreigners are not permitted to acquire landed homes on mainland Singapore. Moreover, as the bungalows will be sold under a single title, they would not require ABSD if the purchaser is a Singapore citizen and a first-time residential property buyer.

The properties are close to Sixth Avenue MRT Station on the Downtown Line and main roads such as Dunearn Road and the Pan-Island Expressway. Schools nearby include Raffles Girls’ Primary School, Methodist Girls’ School (Primary), Nanyang Primary School, Nanyang Girls’ High School, National Junior College, and Hwa Chong Institution.

Altura EC is an upcoming 99-year leasehold executive condominium situated in Bukit Batok West Avenue. Its 375 units are expected to be ready by 2021, with Qingjian Realty and Santarli Altura EC Bukit Batok Construction having submitted its highest bid of $266 million for the site.

Given their location in a desirable area and their attractive sale price, the four freehold strata bungalows in Vanda Crescent could be an attractive investment for those looking for landed homes.